NELNET INC — Director's Dealing 2020

Mar 23, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NELNET INC (NNI)
CIK: 0001258602
Period of Report: 2020-03-16

Reporting Person: HEIMES TERRY J (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-16	Class A Common Stock	G	5000	—	Disposed	158459	Direct
2020-03-16	Class A Common Stock	G	5000	—	Acquired	5000	Indirect
2020-03-16	Class A Common Stock	G	5000	—	Disposed	153459	Direct
2020-03-16	Class A Common Stock	G	5000	—	Acquired	5000	Indirect
2020-03-16	Class A Common Stock	G	5000	—	Disposed	148459	Direct
2020-03-16	Class A Common Stock	G	5000	—	Acquired	5000	Indirect
2020-03-16	Class A Common Stock	G	5000	—	Disposed	133459	Direct
2020-03-16	Class A Common Stock	G	5000	—	Acquired	5000	Indirect
2020-03-16	Class A Common Stock	G	10000	—	Disposed	123459	Direct
2020-03-16	Class A Common Stock	G	10000	—	Acquired	50087	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	10000	Indirect
Class A Common Stock	10000	Indirect

Footnotes

F1: Shares gifted to a trust for the benefit of a son of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.

F2: Shares gifted to a separate trust for the benefit of another son of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.

F3: Reflects the contribution of 10,000 shares to the grantor retained annuity trust established by the reporting person on March 11, 2020, as discussed in footnote (6) below.

F4: Shares gifted to a separate trust for the benefit of the daughter of the reporting person. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.

F5: Reflects the contribution of 10,000 shares to the grantor retained annuity trust established by the reporting person's spouse on March 11, 2020, as discussed in footnote (7) below.

F6: On March 16, 2020, the reporting person contributed 10,000 shares to a grantor retained annuity trust dated March 11, 2020. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.

F7: On March 16, 2020, the reporting person's spouse contributed 10,000 shares to a grantor retained annuity trust dated March 11, 2020. The reporting person continues to report beneficial ownership of all the shares held by the trust, but disclaims beneficial ownership of the shares held by the trust except to the extent of his pecuniary interest therein.